Hexcel Co. (NYSE:HXL) Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Hexcel Co. (NYSE:HXL) by 59.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,405 shares of the aerospace company’s stock after selling 276,237 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Hexcel worth $11,711,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Speece Thorson Capital Group Inc. boosted its position in shares of Hexcel by 15.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock valued at $15,140,000 after purchasing an additional 32,960 shares during the period. Barclays PLC grew its holdings in shares of Hexcel by 32.1% during the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after acquiring an additional 17,011 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Hexcel by 12.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after purchasing an additional 63,730 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after acquiring an additional 590,975 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Hexcel by 11.7% in the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after purchasing an additional 8,135 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Price Performance

Shares of HXL stock opened at $63.10 on Monday. Hexcel Co. has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a market capitalization of $5.11 billion, a P/E ratio of 48.17, a P/E/G ratio of 1.96 and a beta of 1.30. The stock has a 50 day moving average of $62.11 and a two-hundred day moving average of $62.45. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last issued its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Hexcel’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share. As a group, equities analysts expect that Hexcel Co. will post 2.02 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. Hexcel’s payout ratio is currently 45.80%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank of Canada raised Hexcel from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $68.00 to $74.00 in a research note on Thursday, December 19th. BMO Capital Markets dropped their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st. UBS Group raised their target price on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Truist Financial cut their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus target price of $71.33.

Hexcel Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.